Federal Realty Investment Trust (NYSE:FRT – Get Rating) had its price target reduced by Wells Fargo & Company from $130.00 to $125.00 in a research note published on Thursday, Marketbeat.com reports. They currently have an equal weight rating on the real estate investment trust’s stock.
A number of other brokerages also recently weighed in on FRT. Mizuho lowered their price target on Federal Realty Investment Trust from $142.00 to $129.00 and set a buy rating for the company in a report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Federal Realty Investment Trust from $150.00 to $143.00 and set a buy rating for the company in a research report on Thursday, March 31st. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a neutral rating to an overweight rating and boosted their price objective for the company from $135.00 to $142.00 in a research report on Monday, December 20th. StockNews.com assumed coverage on Federal Realty Investment Trust in a research report on Thursday, March 31st. They set a hold rating for the company. Finally, Capital One Financial upgraded Federal Realty Investment Trust from an equal weight rating to an overweight rating and boosted their price objective for the company from $130.00 to $145.00 in a research report on Wednesday, February 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of Buy and an average target price of $133.17.
Shares of NYSE FRT opened at $120.98 on Thursday. Federal Realty Investment Trust has a twelve month low of $102.64 and a twelve month high of $140.51. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. The business has a 50 day simple moving average of $120.00 and a 200-day simple moving average of $124.71.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The real estate investment trust reported $1.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.06. Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 27.49%. The business had revenue of $254.15 million during the quarter, compared to the consensus estimate of $248.13 million. During the same period in the previous year, the business earned $1.14 EPS. The business’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, equities analysts predict that Federal Realty Investment Trust will post 5.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Wednesday, March 16th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, March 15th. This represents a $4.28 dividend on an annualized basis and a yield of 3.54%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 131.69%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. raised its stake in shares of Federal Realty Investment Trust by 450.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 180 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $33,000. M&R Capital Management Inc. bought a new stake in shares of Federal Realty Investment Trust in the 1st quarter worth $32,000. Capital Analysts LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $50,000. Finally, CWM LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $50,000. 94.82% of the stock is currently owned by institutional investors.
About Federal Realty Investment Trust (Get Rating)
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
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